State of New Jersey Common Pension Fund D Sells 423 Shares of PVH Corp. (NYSE:PVH)

State of New Jersey Common Pension Fund D reduced its stake in shares of PVH Corp. (NYSE:PVH) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 21,277 shares of the textile maker’s stock after selling 423 shares during the period. State of New Jersey Common Pension Fund D’s holdings in PVH were worth $2,250,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Pzena Investment Management LLC lifted its holdings in shares of PVH by 0.6% during the 3rd quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker’s stock worth $570,295,000 after acquiring an additional 32,300 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in PVH by 9.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock worth $255,011,000 after purchasing an additional 208,648 shares during the last quarter. Pacer Advisors Inc. lifted its stake in PVH by 2.2% in the fourth quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker’s stock worth $184,263,000 after purchasing an additional 36,719 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in PVH by 179,164.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after purchasing an additional 759,656 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in PVH by 14.4% in the third quarter. Victory Capital Management Inc. now owns 712,403 shares of the textile maker’s stock worth $71,832,000 after purchasing an additional 89,790 shares during the last quarter. 97.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the sale, the executive vice president now owns 23,103 shares in the company, valued at $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

PVH Price Performance

Shares of PVH opened at $78.73 on Friday. The stock has a market cap of $4.38 billion, a PE ratio of 6.41, a price-to-earnings-growth ratio of 0.78 and a beta of 2.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. PVH Corp. has a fifty-two week low of $76.34 and a fifty-two week high of $141.15. The firm’s 50-day simple moving average is $94.40 and its two-hundred day simple moving average is $97.98.

PVH (NYSE:PVH) last announced its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.44. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business’s revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.90 earnings per share. Analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Wednesday, March 5th. PVH’s dividend payout ratio (DPR) is presently 1.22%.

Analyst Upgrades and Downgrades

PVH has been the subject of several recent research reports. JPMorgan Chase & Co. downgraded shares of PVH from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $149.00 to $113.00 in a research note on Friday, January 24th. StockNews.com downgraded shares of PVH from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Barclays lowered their price objective on shares of PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley lowered their price objective on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group lowered their price objective on shares of PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $119.07.

About PVH

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.